| 
Over the past few years we are delighted to report that property investments have provided excellent returns for serious investors and great increases in the value of property purchased purely for pleasure and retirement.
The beauty, climate, lifestyle and ever improving infrastructure of the coast has created an unprecedented demand for homes, not only from resident of Northern Europe , but from all over the world.
In 2001 property prices on the Costa's rose by more than 18.5%. (Source - SUR in English, 25 th January 2002). In the last three years, many owners have enjoyed increases in value of more than 50%. This trend is continuing and Spain is a terrific place to live and has proved to be a great place to invest.
Unlike many holiday locations throughout the Mediterranean , the Costa's enjoy international and Spanish visitors all the year round. It is confirmed as a 365 day a year holiday destination. The local microclimates and the unmatched cultural and sporting facilities continue to attract discerning visitors throughout the year and most prefer the freedom of a private rental to the formality of the big hotels.
Golf, and all it's related activities, has become a multi-million pound industry. Rental opportunities on and around Golf Course complexes are generating some of the highest and most consistent incomes. Spain is acknowledged as the finest destination for golfers in Europe , possibly the world.
Your rental property should rarely sit empty and therefore provide a substantial extra income as well as the option of using it for yourself and your family whenever you decide. If you're planning to buy property for rental purposes, we can recommend specific areas which attract the most rental enquiries and best income.
You may choose to manage the rentals yourself or leave it all to a property management company. If you should choose the latter, we are able to recommend highly professional organisations that can look after your interest. Either way, it's not unusual to enjoy a total return on your investment of more than 8% per annum even allowing for mortgage payments, un-let weeks and running costs.
For those who are not just looking for a home in the sun, Spain has proven to be one of the most lucrative, property investment markets in the world. In the past five years, many investors, private and professional, have made gains of between30% - 100% !
Purchasing a new property before or during construction the re-selling as completion approaches, has proved to be an excellent method of achieving capital growth. Many buyers will pay a premium for a newly built property rather than purchase a property 'off plan' with a completion date over a year away.
While construction continues the resale value usually increases. This is because most, if not all the new properties in the development will probably have been sold and each phase released is normally more expensive. Selling the 'option to buy' before completion should realise a significant profit, however, this profit is not guaranteed.
The above information is based on research and local knowledge at the time of writing and is intended for guideline purposes only. Property prices and rental values can go down as well as up. 4 Sale Network will not accept responsibility for any losses, costs or expenses incurred.
|
